THE KOG REPORT - Update

End of day update from us here at KOG:

We got decent entries on yesterdays move and suggested holding runners and looking for the higher resistance levels. We managed to identify the long early session from the 2317 region and then again post-NY completing the higher targets. Not much has changed from yesterday, we're still looking for this to target that higher resistance level where we want to see a RIP.

As it stands, we have support below 2320-17 and resistance here 2330-35 in the order region. We're expecting price to attempt the order region and potentially settle there for the remainder of the session.

We would suggest any one long from below hold your runners, break above 2335 will make it easier. Ranging day, expect more of this in the Asian session.

As always, trade safe.

KOG

评论:

Lovely move on Gold, traded down, entries in from below 2300, runners still running. Move terminates here, would protect long trades and take a majority off the table. Fantastic week no the markets again, time to take a step back and enjoy the weekend. KOG